It's been a favourite feature of the North East coastline for more than a hundred years - and the lighthouse at St Mary's Island, off the coast of Whitley Bay, still gets 80 thousand visitors a year.
However, North Tyneside Council is putting the lighthouse and visitor centre up for rent.
The council sees it as a way to get more investment in the buildings without selling them off.
But as Lucy Tayor reports, whoever takes over will need an unusual idea.
You can watch her full report below.
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The developer says the water rides are on a par with those found at premier water parks in Dubai and Florida.
Work will be undertaken to replace coping stones from the southern parapet and reset stones on the northwest corner of County Bridge.
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